Updated Jun 26, 2026
/California's High-Tax Climate Drives Wealthy Residents to Nevada/Hut 8 Agrees to $2.35 Million Settlement Over Investor Claims From 2023 USBTC Merger/OpenAI's Custom Chip and China's $7 Billion AI Bet Signal a New Phase in the Compute Race/Dow Gains 250 Points as Wall Street Tries to Shake Off Warsh-Driven Sell-Off/Kevin Warsh Eases Investor Doubts on Inflation-Fighting Resolve/SpaceX Stock Falls 15%, Pacing for Third Straight Losing Session After Record IPO/California's High-Tax Climate Drives Wealthy Residents to Nevada/Hut 8 Agrees to $2.35 Million Settlement Over Investor Claims From 2023 USBTC Merger/OpenAI's Custom Chip and China's $7 Billion AI Bet Signal a New Phase in the Compute Race/Dow Gains 250 Points as Wall Street Tries to Shake Off Warsh-Driven Sell-Off/Kevin Warsh Eases Investor Doubts on Inflation-Fighting Resolve/SpaceX Stock Falls 15%, Pacing for Third Straight Losing Session After Record IPO
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Macro desk · June 26, 2026

California's High-Tax Climate Drives Wealthy Residents to Nevada

A widening gap in state income tax rates is accelerating an exodus of high-earning Californians toward Nevada, as the 13.3% top marginal rate in California — the highest in the nation — pushes business owners, investors, and retirees to a state that levies no income tax at all. T

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Updated June 26, 2026

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